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Manufacturing Engineering

Top 10 Best Inventory And Production Management Software of 2026

Discover top 10 inventory and production management software tools to boost efficiency. Find the best solution for your business – choose the right tool today!

Rajesh Patel

Rajesh Patel

Feb 11, 2026

10 tools comparedExpert reviewed
Independent evaluation · Unbiased commentary · Updated regularly
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Inventory and production management software is vital for modern businesses to optimize workflows, enhance visibility, and maintain operational efficiency—with the right tool directly impacting scalability and competitiveness. Below, we highlight 10 leading solutions, spanning ERP platforms to specialized MRP tools, to help identify the best fit for your needs.

Quick Overview

  1. 1#1: Oracle NetSuite - Cloud ERP platform providing comprehensive inventory management, production planning, and supply chain execution for growing businesses.
  2. 2#2: SAP S/4HANA - Intelligent ERP system with advanced production planning, real-time inventory tracking, and manufacturing execution capabilities.
  3. 3#3: Microsoft Dynamics 365 Supply Chain Management - AI-driven solution for end-to-end supply chain, inventory optimization, and production orchestration across enterprises.
  4. 4#4: Epicor Kinetic - Modern ERP designed for manufacturing with robust inventory control, shop floor management, and production scheduling.
  5. 5#5: Odoo - Open-source all-in-one platform with modular apps for inventory tracking, manufacturing orders, and MRP processes.
  6. 6#6: Plex - Smart manufacturing cloud platform offering real-time MES, inventory visibility, and production quality management.
  7. 7#7: Infor CloudSuite Industrial - Industry-specific ERP for discrete and process manufacturing with advanced inventory and production control features.
  8. 8#8: MRPeasy - Cloud-based MRP software for small manufacturers handling production scheduling, inventory forecasting, and procurement.
  9. 9#9: Katana MRP - Visual cloud tool for real-time inventory management, production planning, and multi-location manufacturing operations.
  10. 10#10: Fishbowl - Inventory management system with manufacturing, warehousing, and order fulfillment integrated with accounting software.

We evaluated these tools based on functionality, user experience, technical performance, and value, ensuring a balanced list of top performers across industries and business sizes.

Comparison Table

Explore a detailed comparison of inventory and production management software, highlighting tools like Oracle NetSuite, SAP S/4HANA, and Microsoft Dynamics 365 Supply Chain Management, plus more. Readers will discover key features such as scalability, integration, and user interface to identify the right solution for their operational needs, whether streamlining workflows or optimizing resource use.

Cloud ERP platform providing comprehensive inventory management, production planning, and supply chain execution for growing businesses.

Features
9.7/10
Ease
8.1/10
Value
8.6/10

Intelligent ERP system with advanced production planning, real-time inventory tracking, and manufacturing execution capabilities.

Features
9.6/10
Ease
7.2/10
Value
8.4/10

AI-driven solution for end-to-end supply chain, inventory optimization, and production orchestration across enterprises.

Features
9.4/10
Ease
7.2/10
Value
8.1/10

Modern ERP designed for manufacturing with robust inventory control, shop floor management, and production scheduling.

Features
9.2/10
Ease
7.8/10
Value
8.3/10
5Odoo logo8.4/10

Open-source all-in-one platform with modular apps for inventory tracking, manufacturing orders, and MRP processes.

Features
9.1/10
Ease
7.6/10
Value
8.8/10
6Plex logo8.6/10

Smart manufacturing cloud platform offering real-time MES, inventory visibility, and production quality management.

Features
9.1/10
Ease
7.9/10
Value
8.2/10

Industry-specific ERP for discrete and process manufacturing with advanced inventory and production control features.

Features
8.7/10
Ease
7.1/10
Value
7.8/10
8MRPeasy logo8.7/10

Cloud-based MRP software for small manufacturers handling production scheduling, inventory forecasting, and procurement.

Features
9.2/10
Ease
8.8/10
Value
9.4/10
9Katana MRP logo8.7/10

Visual cloud tool for real-time inventory management, production planning, and multi-location manufacturing operations.

Features
9.0/10
Ease
9.3/10
Value
8.5/10
10Fishbowl logo7.6/10

Inventory management system with manufacturing, warehousing, and order fulfillment integrated with accounting software.

Features
8.2/10
Ease
6.8/10
Value
7.5/10
1
Oracle NetSuite logo

Oracle NetSuite

enterprise

Cloud ERP platform providing comprehensive inventory management, production planning, and supply chain execution for growing businesses.

Overall Rating9.4/10
Features
9.7/10
Ease of Use
8.1/10
Value
8.6/10
Standout Feature

Real-time, unified global inventory visibility across all locations and channels with AI-driven demand planning

Oracle NetSuite is a comprehensive cloud-based ERP platform renowned for its robust inventory and production management capabilities, providing real-time visibility, multi-location inventory tracking, and advanced demand planning. It streamlines production processes through manufacturing resource planning (MRP), work order management, shop floor control, and bill of materials handling. Designed for scalability, it integrates seamlessly with financials, CRM, and supply chain modules to optimize operations for growing businesses.

Pros

  • Exceptional real-time inventory visibility and multi-location support with lot/serial tracking
  • Powerful MRP, production scheduling, and demand forecasting integrated with financials
  • Highly scalable with customizable workflows and strong analytics for enterprise-level operations

Cons

  • Steep learning curve requiring training and implementation support
  • High initial and ongoing costs, especially for customizations
  • Overkill for very small businesses due to complexity

Best For

Mid-to-large enterprises with complex, multi-site inventory and manufacturing needs requiring an integrated ERP solution.

Pricing

Custom subscription pricing starts at ~$999/month for base ERP + $99-$199/user/month; annual costs often $25,000+ depending on modules, users, and implementation.

2
SAP S/4HANA logo

SAP S/4HANA

enterprise

Intelligent ERP system with advanced production planning, real-time inventory tracking, and manufacturing execution capabilities.

Overall Rating9.1/10
Features
9.6/10
Ease of Use
7.2/10
Value
8.4/10
Standout Feature

HANA in-memory computing for real-time inventory valuation, availability checks, and production simulations

SAP S/4HANA is a comprehensive ERP platform optimized for inventory and production management, offering real-time visibility into stock levels, demand planning, and manufacturing processes through its in-memory HANA database. It supports advanced MRP, production scheduling, shop floor execution, and quality management, enabling seamless integration across the supply chain. Designed for large-scale enterprises, it leverages AI and machine learning for predictive inventory optimization and efficient production workflows.

Pros

  • Exceptional real-time inventory tracking and MRP capabilities with predictive analytics
  • Highly scalable production planning and execution for complex manufacturing environments
  • Deep integration with supply chain and financial modules for end-to-end visibility

Cons

  • Steep learning curve and complex implementation requiring extensive customization
  • High upfront and ongoing costs, including licensing and maintenance
  • Interface can feel overwhelming for non-expert users despite Fiori UX improvements

Best For

Large enterprises with complex, global manufacturing operations needing robust, integrated inventory and production control.

Pricing

Custom enterprise licensing starting at $100,000+ annually, based on users, cores, or named users; implementation often adds millions.

3
Microsoft Dynamics 365 Supply Chain Management logo

Microsoft Dynamics 365 Supply Chain Management

enterprise

AI-driven solution for end-to-end supply chain, inventory optimization, and production orchestration across enterprises.

Overall Rating8.7/10
Features
9.4/10
Ease of Use
7.2/10
Value
8.1/10
Standout Feature

AI-powered Planning Optimization for real-time demand sensing and constraint-based scheduling

Microsoft Dynamics 365 Supply Chain Management is a robust ERP module designed to streamline inventory control, production planning, and warehouse operations for complex supply chains. It offers advanced features like real-time inventory tracking, master production scheduling, demand forecasting, and quality management, all integrated within the Microsoft ecosystem. The solution leverages AI and IoT for predictive insights, enabling efficient material requirements planning (MRP) and just-in-time manufacturing.

Pros

  • Comprehensive inventory visibility and multi-site management
  • Powerful production scheduling with MRP and finite capacity planning
  • Deep integration with Microsoft tools like Power BI and Azure IoT

Cons

  • Steep learning curve and complex initial setup
  • High licensing and implementation costs
  • Less ideal for small-scale operations due to overhead

Best For

Mid-to-large enterprises with intricate global supply chains requiring scalable ERP integration.

Pricing

Subscription-based starting at $180/user/month for the Supply Chain Management module, plus implementation fees often exceeding $100K for enterprises.

4
Epicor Kinetic logo

Epicor Kinetic

enterprise

Modern ERP designed for manufacturing with robust inventory control, shop floor management, and production scheduling.

Overall Rating8.6/10
Features
9.2/10
Ease of Use
7.8/10
Value
8.3/10
Standout Feature

Advanced Spectrum scheduling engine for precise finite capacity production planning

Epicor Kinetic is a modern, cloud-based ERP platform tailored for manufacturing, distribution, and discrete assembly operations. It excels in inventory management with real-time tracking, multi-site visibility, and demand forecasting, while offering robust production planning tools like MRP, finite scheduling, and shop floor control. The solution integrates seamlessly with MES systems for end-to-end production oversight and supply chain optimization.

Pros

  • Comprehensive manufacturing modules with advanced MRP and production scheduling
  • Real-time inventory visibility across multiple locations and strong analytics
  • Scalable cloud architecture with industry-specific customizations

Cons

  • Steep learning curve due to extensive features and customization options
  • Implementation can be lengthy and resource-intensive
  • Pricing is premium, less ideal for very small operations

Best For

Mid-sized to large manufacturers needing integrated ERP for complex inventory and production workflows.

Pricing

Subscription-based; custom quotes starting around $175/user/month for core cloud modules, scaling with users and add-ons.

5
Odoo logo

Odoo

other

Open-source all-in-one platform with modular apps for inventory tracking, manufacturing orders, and MRP processes.

Overall Rating8.4/10
Features
9.1/10
Ease of Use
7.6/10
Value
8.8/10
Standout Feature

Odoo Studio: Drag-and-drop tool for no-code customization of inventory and production workflows.

Odoo is an open-source ERP platform with powerful inventory and production management modules that streamline stock tracking, order fulfillment, and manufacturing processes. It supports multi-warehouse management, lot/serial number tracking, demand forecasting, and automated reordering, while the manufacturing app handles bills of materials (BOMs), work orders, routings, and quality inspections. Seamlessly integrated with sales, purchasing, and accounting, Odoo enables end-to-end visibility and efficiency for production workflows.

Pros

  • Highly modular and customizable without extensive coding
  • Comprehensive inventory tools including barcode scanning and forecasting
  • Integrated MRP for complex manufacturing with real-time stock sync

Cons

  • Steep learning curve for full customization and setup
  • Advanced features locked behind Enterprise edition
  • Performance can lag with very large inventories or customizations

Best For

Small to mid-sized manufacturers seeking an affordable, all-in-one ERP for inventory and production without silos.

Pricing

Free open-source Community edition; Enterprise edition starts at $24.90/user/month (billed annually) for full apps and support.

Visit Odooodoo.com
6
Plex logo

Plex

enterprise

Smart manufacturing cloud platform offering real-time MES, inventory visibility, and production quality management.

Overall Rating8.6/10
Features
9.1/10
Ease of Use
7.9/10
Value
8.2/10
Standout Feature

Embedded IoT connectivity for real-time machine data capture and predictive maintenance

Plex is a cloud-native smart manufacturing platform that serves as an ERP and MES solution, providing real-time visibility and control over inventory management, production scheduling, quality control, and supply chain operations. It integrates seamlessly with shop floor equipment, IoT devices, and enterprise systems to enable data-driven decision-making and process optimization. Tailored for discrete, process, and hybrid manufacturers, Plex automates workflows from raw materials to finished goods delivery.

Pros

  • Real-time IoT and machine integration for production monitoring
  • Comprehensive end-to-end manufacturing modules including inventory and traceability
  • Scalable cloud architecture with strong analytics and AI capabilities

Cons

  • Steep initial setup and customization complexity
  • Higher pricing suitable mainly for mid-to-large enterprises
  • Reporting flexibility requires additional configuration

Best For

Mid-sized to large manufacturers in discrete or mixed-mode production needing real-time operational intelligence and IoT connectivity.

Pricing

Quote-based enterprise pricing starting around $100/user/month, scaled by plants, users, and modules selected.

Visit Plexplex.com
7
Infor CloudSuite Industrial logo

Infor CloudSuite Industrial

enterprise

Industry-specific ERP for discrete and process manufacturing with advanced inventory and production control features.

Overall Rating8.2/10
Features
8.7/10
Ease of Use
7.1/10
Value
7.8/10
Standout Feature

Integrated real-time shop floor control and execution with AI-powered production intelligence

Infor CloudSuite Industrial is a cloud-based ERP solution tailored for mid-sized to large manufacturers in discrete and process industries, providing end-to-end inventory and production management. It excels in real-time visibility into inventory levels, material requirements planning (MRP), and shop floor execution, with features like lot/serial tracking, demand forecasting, and finite capacity scheduling. The platform integrates advanced analytics and AI-driven insights to optimize production workflows and supply chain efficiency.

Pros

  • Robust inventory control with multi-location, lot/serial, and expiration tracking
  • Advanced production scheduling including finite capacity planning and real-time MES integration
  • Industry-specific tools for manufacturing with strong scalability and analytics

Cons

  • Steep learning curve and complex implementation requiring expert configuration
  • High enterprise-level pricing not ideal for small businesses
  • Customization often needed for unique workflows, increasing costs

Best For

Mid-sized to large discrete manufacturers handling complex production and multi-site inventory operations.

Pricing

Subscription-based; custom quotes typically start at $150-$300 per user/month, plus significant implementation and customization fees.

8
MRPeasy logo

MRPeasy

specialized

Cloud-based MRP software for small manufacturers handling production scheduling, inventory forecasting, and procurement.

Overall Rating8.7/10
Features
9.2/10
Ease of Use
8.8/10
Value
9.4/10
Standout Feature

Visual drag-and-drop production scheduling board with automatic MRP calculations for finite capacity planning

MRPeasy is a cloud-based MRP/ERP software tailored for small to medium-sized manufacturing businesses, providing end-to-end management of production planning, inventory control, procurement, sales, and shop floor operations. It features multi-level BOMs, real-time inventory tracking, automated scheduling, and CRM tools to streamline make-to-order or make-to-stock processes. The platform emphasizes simplicity and automation to reduce manual work and improve efficiency without the complexity of enterprise systems.

Pros

  • Comprehensive MRP functionality including multi-level BOMs, production scheduling, and real-time inventory tracking
  • Intuitive interface with mobile app support for on-the-go access
  • Excellent value with scalable pricing suitable for SMB manufacturers

Cons

  • Reporting and advanced analytics could be more robust
  • Limited customization for highly specialized workflows
  • Steeper learning curve for complex multi-site setups

Best For

Small to medium-sized manufacturers needing an affordable, user-friendly MRP system for production and inventory management.

Pricing

Starts at $49 per user per month (billed annually) for Basic plan, with Standard at $59 and Professional at $69; custom enterprise pricing available.

Visit MRPeasymrpeasy.com
9
Katana MRP logo

Katana MRP

specialized

Visual cloud tool for real-time inventory management, production planning, and multi-location manufacturing operations.

Overall Rating8.7/10
Features
9.0/10
Ease of Use
9.3/10
Value
8.5/10
Standout Feature

Live MRP Dashboard delivering instant, visual insights into inventory levels, production status, and material needs across all locations.

Katana MRP is a cloud-based inventory and production management software tailored for small to medium-sized manufacturers, offering real-time tracking of stock levels, production scheduling, and order fulfillment. It features visual kanban boards, bill of materials (BOM) management, and seamless integrations with e-commerce platforms like Shopify and accounting tools like QuickBooks and Xero. Katana provides multi-location inventory support and shop floor control to streamline manufacturing workflows and prevent stockouts or overproduction.

Pros

  • Intuitive visual dashboards and kanban boards for easy production planning
  • Real-time inventory tracking across multiple warehouses
  • Robust integrations with popular e-commerce and accounting software
  • Scalable for growing manufacturers with strong mobile app support

Cons

  • Advanced reporting and analytics require higher-tier plans
  • Pricing increases significantly for larger operations
  • Limited customization options for complex manufacturing processes
  • Occasional performance lags with very large datasets

Best For

Small to medium-sized manufacturers needing an user-friendly MRP tool for real-time inventory control and production scheduling without heavy IT involvement.

Pricing

Starter at $99/month (up to 100 orders/mo), Pro at $299/month (500 orders), Business at $799/month (2,000 orders), Enterprise custom; billed annually with 14-day free trial.

Visit Katana MRPkatanamrp.com
10
Fishbowl logo

Fishbowl

specialized

Inventory management system with manufacturing, warehousing, and order fulfillment integrated with accounting software.

Overall Rating7.6/10
Features
8.2/10
Ease of Use
6.8/10
Value
7.5/10
Standout Feature

Unrivaled native integration with QuickBooks, automatically syncing inventory transactions to general ledger without double-entry.

Fishbowl is a robust inventory and production management software tailored for small to medium-sized businesses, with deep integration into QuickBooks for seamless accounting synchronization. It provides advanced inventory tracking across multiple warehouses, lot and serial number management, and comprehensive manufacturing tools including bills of materials (BOMs), work orders, and production planning. The platform also handles purchasing, sales orders, and reporting to streamline operations from procurement to fulfillment.

Pros

  • Seamless QuickBooks integration for real-time accounting sync
  • Strong manufacturing capabilities with BOMs and work orders
  • Multi-location inventory tracking with lot/serial control

Cons

  • Dated user interface that feels clunky
  • Steep learning curve for non-accounting users
  • Limited native reporting; requires add-ons for advanced analytics

Best For

QuickBooks-dependent small to medium manufacturers and distributors needing affordable inventory and light production management.

Pricing

Perpetual license starting at $4,395 for Warehouse edition (up to 5 users), higher for Manufacturing; annual maintenance ~25% of license cost, plus per-user fees.

Visit Fishbowlfishbowlinventory.com

Conclusion

The top tools reviewed span diverse capabilities, with Oracle NetSuite leading as a comprehensive cloud ERP, SAP S/4HANA excelling with advanced production planning, and Microsoft Dynamics 365 impressing through AI-driven supply chain orchestration. While Oracle NetSuite stands out as the top choice, the other two offer robust alternatives for different operational needs and business scales.

Oracle NetSuite logo
Our Top Pick
Oracle NetSuite

Start optimizing your inventory and production operations by exploring Oracle NetSuite—the leading platform that delivers seamless management of inventory, production, and supply chain. Don’t settle for less; leverage the power of the top-ranked tool today.